Tag: overdrive: Page 92

Overdrive Extra
Economic news not all bad
Following are items that came our way in the last several days. Hey, it’s not all gloom and doom. Of the four, two anticipate positive change in trucking:   The current glut of trucking capacity won’t last too long, says Chief Economist Bob Costello of the American Trucking Associations. He notes that thousands of fleets […]
March 9, 2009
Overdrive Extra
Bright spots few and far between
There’s plenty of bad news from the economy-watchers at the Institute of Supply Management. As the headline for the February roundup of manufacturing stats says: “New Orders, Production, Employment and Inventories Contracting.”   No surprise there. So for what it’s worth, here are a few shiny needles among the haystack:   Factory output is […]
March 5, 2009
Overdrive Extra
Following the billions
You’ve heard reports about the diverse types of projects that the federal bailouts are funding, in some cases how few jobs they will create, and how some of the expenditures are scheduled to take place years after the economy is likely to have rebounded.   Two websites can help you track this fiscal free-for-all. […]
March 2, 2009
Overdrive Extra
Some stimulus trickle-down for trucking
The $787 billion economic stimulus doesn’t offer much for leased operators other than hopes of better roads and, with federal aid to banks, easier credit. Some tax provisions, though, can benefit carriers, including small owner-operator independents, and to a lesser extent leased operators with an extension of capital expenditures deduction. The American Trucking Associations reports […]
February 18, 2009
Overdrive Extra
Caterpillar jobs: Two accounts
In case you missed the news from last week’s foulup about Caterpillar and the economic recovery plan, you can see and hear the remarks yourself. President Obama, visiting Caterpillar in Peoria, Ill., claimed Cat CEO Jim Owens said “that if Congress passes our plan, this company will be able to rehire some of the folks […]
February 16, 2009
Overdrive Extra
Chapter 11 for Sirius XM?
The graph of Sirius XM Radio stock looks like a runaway truck descending a mean mountain pass. News reports today speculate the escape ramp might take the form of Chapter 11 bankruptcy filing.   CNN.Money.com reported that shares plunged again Wednesday, to 6 cents, following reports late Tuesday that the company might try bankruptcy […]
February 11, 2009
Overdrive Extra
Offering more than the other guy
Overdrive’s 2007 Trucker of the Year, two-truck fleet owner Henry Albert, knows that other independents, as well as bigger fleets, can do what he does. And in the current environment, ranking behind the competition isn’t a good idea.   “The amount of freight available is falling away at the same rate as trucking companies,” said […]
February 6, 2009
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